The BNP PARIBAS Real Estate Retail Focus q3 report shows vacancy rates declining in all areas of the UK to 12.9% overall. Footfall continues to decline, although at a slower rate than previously. So, even though fewer of us are shopping, we are shopping more and in more places! Retail property continues to be of interest, and the decline of the shop may be seriously exaggerated, although the role of the shop has definitely changed.
Report key findings: Economy: Average earnings growth for UK consumers exceeds inflation for the first time in 6 years. Occupier: UK retail sales increase in Q4 2014 - up 5.2% year on year. Investment: £11.8bn invested in the retail sector in 2014 - the largest annual volume since 2007!